You are completely correct. However foto speaks/writes good sense. The total collapse of the world's existing trading and money or currency system will not happen in a week. It may not happen this century, but there are some ominous ...

BoE King: rate cut would be more counter productive than beneficial

....because some people have not learned that to use absolute predictions in forex is likely to result in embarrasment. The synopsis depends upon which chart and time frame you are trading. The monthly chart shows a strong support @ 1.18 The weekly ...

EUR Pullback Offers Long Entries- GBP Rebounds on Rate Expectations

I can't see them ever cutting the rate below 0.5%. It would cause such a flight of capital out of the country and savers would scream (more than they do already).

EUR Pullback Offers Long Entries- GBP Rebounds on Rate Expectations

...and I missed that fantastic short opportunity!

RBS error caused euro spike vs Swiss franc on Monday-bank

foto, in this case I think the corruption is by the government(s). In order to remain in power and give the voters a happier time they have mortgaged the future. People bought into the increased prosperity because they trusted their governments, and ...

BoE King: rate cut would be more counter productive than beneficial

...phew!

Fitch affirms Germany at 'AAA'; outlook stable

...ain't that the truth

BoE King: rate cut would be more counter productive than beneficial

Not every year. In fact not very often at all. This year is special because the Queen has been on the throne for 60 years - so big celebration. Not wishing her bad fortune or anything but the next event will probably be a royal death - and then ...

Bank of England Inflation Report

...where you lookin'? I have 95.....? Volume pushed on that also.

BoE King: rate cut would be more counter productive than beneficial

The effect of that statement does appear to have fired Cable towards the roof...

BoE King: rate cut would be more counter productive than beneficial

...because all the factories shut down for a couple of days to watch the celebrations.

Bank of England Inflation Report

We have analysts from UBS and Bank of America saying "But we maintain our longer-term $1.15 target as ECB balance sheet expansion will cyclically weaken the currency again." ....what do they know !

FX traders heed Draghi "don't short" advice on euro

...well yeah, except the last time the Japanese FinMin said that traders better not bet against the Yen the BoJ intervened shortly after to the tune of 500 pips. Now I'm going to read the article...

FX traders heed Draghi "don't short" advice on euro

Well, since the NIESR numbers don't add up for the last government GDP print at -0.7% I feel that the real figure should perhaps be more like -0.4%, unless there is real evidence of a huge lift during July...?

NIESR estimates of monthly UK GDP

Yes, something has to happen eventually. If we do not see a move to create a unified central bank with EU-wide powers for setting rates and issuing bonds (aka the ECB) then your synopsis could well be inevitable.

Juncker: Greek exit from Euro manageable but would carry enormous risks

...he's just chasing Bernanke's job.

Fed Officials Underscore Divisions Over Action

I cannot see AUDUSD overbought much. There is a bit of evidence on the daily chart but it is more showing that a retracement is due. Weekly chart shows a flag pattern back to May last year and on that basis AU is as likely to continue to 1.08 as it ...

RBA Statement

BB is scheduled to have another go in about 5 hours time, meantime EU is hovering below resistance @ ~1.2440.

Bernanke: Economic Measurement

Just wait for him to say something like "our measurements show that QE will have limited benefit in the current economic climate" and all the dollar crosses will dive.

Bernanke: Economic Measurement